Milky Mist Q1 profit jumps nearly 10x as revenue reaches Rs 973 crore

Milky Mist Dairy Food reported Q1 consolidated net profit of Rs 64.7 crore, versus Rs 6.5 crore a year earlier. Revenue from operations rose 43.6% to Rs 973 crore, while EBITDA increased 77% to Rs 143.8 crore and margin expanded 280 basis points to 14.8%.

— Source publishedMon, 31 Aug, 2026, 17:42 IST·First seen Mon, 31 Aug, 2026, 19:25 IST·Source NDTV Profit

What happened

Milky Mist Dairy Food reported Q1 revenue of Rs 973 crore and net profit of Rs 64.7 crore, nearly tenfold higher year-on-year. EBITDA rose 77% to Rs 143.8 crore

Key facts

  • Consolidated net profit Rs 64.7 crore, up from Rs 6.5 crore year-on-year
  • Revenue from operations Rs 973 crore, up 43.6% year-on-year from Rs 678 crore
  • Consolidated EBITDA Rs 143.8 crore, up 77% year-on-year from Rs 81.3 crore
  • EBITDA margin 14.8%, up 280 basis points from 12%

Why this matters

Milky Mist’s scale-up to Rs 973 crore in quarterly revenue and 14.8% EBITDA margin strengthens its position as a high-growth dairy platform and a more consequential strategic partner or competitor.

What to watch

  • Sequential revenue growth and whether the 14.8% EBITDA margin holds above historical levels.
  • Milk procurement prices, fodder costs, monsoon conditions and milk-fat availability.
  • Volume growth versus price-led growth across paneer, cheese, curd, yogurt and beverages.
  • Capital-expenditure plans, new plant announcements and cold-chain/distribution additions.
  • Modern-trade, quick-commerce and foodservice channel mix changes.
  • Competitive pricing and promotional activity from large organized dairy peers.
  • Working-capital movement, receivable days and operating cash conversion after rapid growth.
  • Increase capacity and cold-chain investments in high-growth regional markets.
  • Prioritize value-added products with higher realization and repeat purchase potential.
  • Use the stronger balance sheet to improve procurement relationships, milk sourcing resilience and farmer-network economics.
  • Expand modern trade, quick-commerce and foodservice distribution while increasing brand visibility.
  • Consider selective pricing actions or pack-size changes if milk-fat and procurement costs rise.